Posts Tagged ‘Consumers’

Consumers Find the Time & Money to Indulge

Tuesday, September 29th, 2009

Here is a brief list that was just compiled by the financial information company, Sageworks, outlining a handful of interesting recession-time behaviors, all of which are small indulgences that have seen growth in the last 12 months. People may not be spending on large luxuries like cars, jewelry and vacations but they are still keeping room in the budget for small luxuries like gym memberships and dining out.   

 

Indulgences that Are Helping Consumers De-Stress in the Recession
Recession-Time Indulgences NAICS - Industry Last 12 Months Sales Growth
   1. Shopping Online 4541 - Electronic Shopping 8.6%
   2. Belonging to a Gym 71394 - Fitness & Recreational Centers 6.7%
   3. Going Out for a Drink 7224 - Bars & Drinking Places 5.8%
   4. Playing Sports & Hobbies 4511 - Sporting Goods & Hobby Stores 4.7%
   5. Dining Out 7221 - Full-Service Restaurants 3.1%
   6. Getting Haircuts & Manicures 8121 - Personal Care Services 2.5%
Source: Sageworks, the leading provider of private company data.